London, UK, June 10, 2024, Chainwire
Solana VM, the world’s first EVM-compatible L2 for Solana, has raised over $1 million to drive Solana’s DeFi.
The presale gives users the opportunity to invest in Solana’s VM native token, $SVM, before the official token is publicly traded.
Solana VM has raised over $1 million to launch the world’s first EVM-compatible L2 for Solana.
The team allocated 15% of the total token supply for the pre-sale, providing a temporary opportunity for those interested in the Solana VM project.
Solana’s goal is to bridge the gap between the Solana blockchain and Ethereum dApps, enabling $68 billion TVL worth of apps to be built on Solana.
$SVM pre-sale is now live: https://solanavm.xyz/?ref=svm:VbBthooI
According to the roadmap, the team plans to implement the following in Q3:
- public release
- Token creation event
- CEX&DEX listing
- Implement major EVM-compatible dApps on Solana VM environment.
This multi-round presale will offer $SVM at progressively increasing prices set by the team, with the launch of the token for public trading scheduled for Q3.
What is Solana VM?
Solana VM, the first EVM-compatible L2 for Solana, is the gateway to a fully compatible Ethereum environment on the Solana blockchain. Solana VM allows users to leverage the network benefits of Solana to unlock the potential of Solidity and Vyper-based dApps.
SolanaVM serves as a bridge that allows developers to seamlessly move their existing Ethereum applications to Solana.
Competitive Advantage:
In an episode of CNBC, Kelly, who is also the founder and CEO of the BKCM digital asset fund, said: “We should probably consider Solana as the next product. Bitcoin, Ethereum, and Solana are probably the big three of this cycle.”
Solana VM In particular, we are focused on bridging the gap between Ethereum, the current leader in DeFi, and Solana, a high-speed blockchain network. This serves as a bridge for developers to seamlessly move their existing Ethereum applications to Solana. This unlocks the potential of the Solana architecture with the following advantages:
- speed: The Solana virtual machine can process thousands of transactions per second, compared to Ethereum’s current limits, which allows instantaneous transactions for DeFi users.
- Low Fees: Solana’s efficient design keeps transaction fees to a minimum, making DeFi applications more affordable for everyone.
SolanaVM adds more than just speed and cost savings:
- Easy migration: Solana VM’s compatibility features allow developers to migrate their Ethereum applications to Solana with minimal code changes.
- Friendly interface: Users can experience Solana’s high-speed network while continuing to use the tools and interfaces they are already familiar with.
- A more comprehensive DeFi ecosystem: By removing the barriers of slow speeds and high fees, SVM opens the door to broader adoption and innovation within DeFi.
Users can visit the SolanaVM website and join the Telegram community to learn more.
SolanaVM has the potential to transform the way we interact with apps in a distributed world by leveraging the power of Solana. Additional updates can be found on the official Twitter. https://twitter.com/solanaVM
Users can visit SolanaVM website — solanavm.xyz For more information
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SolanaVM is a groundbreaking project founded by a team of dedicated developers who are passionate about the future of DeFi. Their vision is to bridge the gap between the established Ethereum ecosystem and the power of Solana. By achieving this, SolanaVM aims to create a more efficient, accessible, and innovative environment for DeFi.
contact
mark walsh
Solana VM
contact@solanavm.xyz
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